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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Office buildings
7239 Little Rd, New Port Richey, FL 34654-5517
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2489070
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1999
Total area
6,143 SF
Lot
0.44 ac (19,112 SF)
Zoning code
00C1
APN
35-25-16-0000-01500-0010
UPID
US18-2489070
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Michael T Keough Law Office Law Firm
-
Magee Law Firm Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$840k
Owner & transaction history
Little Road 2 LLC · 10 yrs held
Little Road 2 LLC
since 2016
7 recorded transactions
Zoning & alternative use
00C1 · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+30.3%
Commercial (general)
$1.1M
+15.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New Port Richey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Port Richey submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$915,000
Current use
MEDICAL BUILDING
$1,195,000
Change: +30% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,055,000
Change: +15% · Conversion: Easy
WAREHOUSE, STORAGE
$850,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$137 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,146
Tax year 2023
Assessed value
$1,294,868
Assessed 2023
Previous assessed
$1,294,868
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$205,008
Assessed improvement
$1,089,860
Land market value
$205,008
Improvement market value
$1,089,860
Total market value
$1,294,868
Applied tax rate
62.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Bathrooms
4
Total area
6,143 SF
Lot
0.44 ac (19,112 SF)
Zoning code
00C1
APN
35-25-16-0000-01500-0010
UPID
US18-2489070
Jurisdiction
PASCO
Zoning & alternative use
00C1 · New Port Richey, FL
Zoning 00C1 · permitted uses
00C1 · New Port Richey, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Port Richey. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$915,000
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$850,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
4
Lot
0.44 ac
Current owner
From public records · entity-resolved
Little Road 2 LLC
Entity
Mailing address
204 37TH AVE N #307, ST PETERSBURG, FL 33704-1416
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2016
$675,000
Little Road 2 LLC
Donald J Magee
Warranty Deed
$575,000 · Freedom Bank
Dec 17, 2009
$545,000
Donald J Magee
Vause,robert W & Adele M
Warranty Deed
$436,000 · Synovus Bank
Dec 28, 2007
—
Robert W Vause
Vause,robert W & Adele M
Quit Claim Deed
related
$700,000 · Regions Bank
Aug 24, 2007
—
Adele M Vause
Vause,robert W & Adele M
Quit Claim Deed
related
—
Jun 1, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
May 22, 2007
—
Robert W Vause
Vause,robert W
Quit Claim Deed
related
—
Feb 8, 2007
—
Robert W Vause
—
Trustees Deed
related
$250,000 · Raj LLC
Oct 7, 1997
$50,000
Robert W Vause
Burrier,richard C
Grant Deed
—
—
—
Donald J Magee
—
Deed Of Trust
related
$528,970 · Republic Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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